In a situation that was inconceivable less than 2 years ago McDowall, is poised to join the list of Brisbane suburbs that have a median house price in excess of $1 million.
Spurred by record low interest rates and government stimulus, the Brisbane property market has seen incredible growth over the past 12 months.
“A lot of suburbs have been flying under the radar for so long, but are now rising strongly as buyers seek out cheaper options” according to Hicks Real Estate principal Justin Hicks.
McDowall is one of these suburbs, with a median house price of $695,000 in 2020 now having grown to $940,000 in 2022.
That represents over 35% capital growth in a little over a year and in dollar terms represents $245,000 appreciation in McDowall properties.
“If you have a property in McDowall it is important to realise that it has increased in value, probably a lot more than you may think.
We recommend that you talk with one of the team at Hicks Real Estate, who are experts in McDowall real estate.
They can provide you with an up to date assessment of what your property is worth in todays market.
Even if you are not considering selling your property because you love living in this wonderful suburb, it is still valuable to have an idea of the value of your property. For people looking to invest into property, the increase in the value of your home, may allow you to borrow to invest into capital appreciation property. This may help you to increase your wealth even faster.
With properties selling very quickly especially in McDowall and Everton Park, sometimes it seems that sellers are getting a good price for their home but not the top price. This can cost you a lot of money today.
An average real estate agent may be happy to suggest that you take the offer that is on the table, but an agent that is an expert in McDowall will work with you to get that top offer out of the market.
Hicks Real Estate have been awarded the Agency of the year for 2022 in McDowall. This is the 5th time we have won this award in the last 6 years.
Why not talk to McDowall’s leading Real Estate agency about your property.
House prices are on the rise. Find out the value of your property now.
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